Xiaokai Yang (born as Yang Xiguang; Simplified Chinese: 杨小凯; 6 October 1948 – 7 July 2004) was a Chinese-Australian economist. He was one of the world's preeminent theorists in economic analysis, and an influential campaigner for democracy in China.
Yang was born in China, the son of Chinese Communist Party officials. His parents' status meant that he initially had a privileged life, receiving an excellent education by Chinese standards at the time.
His life changed dramatically in the early days of the Cultural Revolution. Yang was a Red Guard in Hunan who was part of the Rebel faction Shengwulian. On behalf of the group, Yang wrote what probably become the most influential article of the Cultural Revolution. He published a political treatise entitled "Whither China?", which was highly critical of Mao Zedong's communist regime.
Yang contended that the essential conflict in China was between the new "red capitalist class", consisting of CCP cadres and their families, and the masses of the Chinese people. This was a shocking and daring deviation from the orthodox Maoist view that conflict in China was essentially between Mao and his enemies. Yang's essay was read by hundreds of thousands of Chinese during the Cultural Revolution. It could not be read openly, and was passed secretly between trusted friends, provoking lively debate across China. So great was his influence that some members of the 1980s Democracy Movement in China viewed Yang Xiaokai as "the forerunner of the Thinking Generation".
Mao personally denounced Yang as a counter-revolutionary in 1969. Yang was arrested and sent to prison for 10 years. At one point, Yang learned that he was scheduled to be executed, though, fortunately, this never eventuated. Nevertheless, distraught by her son's treatment, Yang's mother, Chen Su, committed suicide.
While in prison, Yang managed to learn English and calculus. He learnt from and deeply admired a fellow prisoner who happened to be a mathematics professor and a devout Christian; but Yang did not convert yet at that time. When he was released, Xiguang (his original name from birth) changed his name to Xiaokai Yang (his childhood nickname), so that he could find a job.
Yang gained admission to Hunan University and published two highly influential books on economics. He then studied at Princeton University, where he obtained a Ph.D in economics.